EUR/USD climbs further, challenges 1.1280

The bid tone around the shared currency keeps growing bigger, sending EUR/USD further north, in a bid to regain 1.13 handle amid growing expectations that Bremain will occur.

EUR/USD eyes 50-DMA at 1.1298

Currently, EUR/USD now jumps +0.32% to trade at fresh session highs of 1.1278. The main currency pair remains strongly bid on renewed optimism as Bremain keeps the lead in the latest Brexit poll outcomes published.

Moreover, the yield spread between the 10-year treasury yields and its German counterpart tilts in favour of the euro, and hence, boosts the sentiment around EUR/USD.

Calendar-wise, there is nothing of note from the Euroland this Wednesday, while the US docket offers housing data. Besides, we have more of Yellen coming up ahead of Thursday’s EU referendum.

EUR/USD Technical Levels             

In terms of technicals, the pair finds the immediate resistance 1.1293/98 (5 & 50-DMA). A break beyond the last, doors will open for a test of 1.1350 (psychological levels). On the flip side, the immediate support is placed at 1.1244/37 (100-DMA/ daily low) below which at 1.1200 (round number) could be tested.